S corporation taxation has a lot of pieces. There are helpful elections you can make that can potentially save your client money, but there are also rigid rules to adhere to.
This course features a live instructor and has been specifically designed for the NJCPA.
DESIGNED FOR
Tax and financial advisors with clients who have formed S corporations
BENEFITS
- Recall the rules for a late S corporation election
- Identify the tax implications of an S corporation making disproportionate distributions to S corporation shareholders
- Recognize the tax rate applicable to the sale of S corporation shares
HIGHLIGHTS
- Making an S corporation election and late filing relief
- Disproportionate distributions
- Selling S corporation shares
- Redemption rules
PREREQUISITES
Basic understanding of tax rules for flow-through entities
ADVANCE PREPARATION
None
ADDITIONAL NOTES